The procedure of transferring journal entries to the ledger accounts is called accounting
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A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products
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Overwhelmingly rural, North Carolinian's were isolated from the world around them, as well as each other, by geographical barriers, limited means of transportation, and their own independent spirit. However "backward" and "indolent," most Tar Heels had a more discerning, if not more favorable, view of their lifestyle and themselves. Times were hard; there is no doubt. Days were long and rewards were slight. Yet an increasing number of Carolinian had succeeded in purchasing their own farms. And, as the Fayetteville Observer, in 1837, proudly pointed out: "The great mass of our population is composed of people who cultivate their own soil, owe no debt, and live within their means. It is true we have no overgrown fortunes, but it is also true that we have few beggars."
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